Compare Bank & Credit Union Rates
Best CD rates and certificates
Compare published certificate yields with their terms, opening minimums, requirements, collection dates and original sources.
Top CD rates
Showing 1–15 results in Detroit, MI metro
- 5.25%APY$798 over 18 months on $10,000with conditions
Requirements
Product: 18-Month Special: At maturity, the CD will be renewed into a 24-month CD. Special certificates will automatically renew on their maturity date. Members receive a 10-day grace period to withdraw or make changes before early withdrawal penalty applies. Penalties for early withdrawal: 1 Year: 90 days of interest; 2 Years: 180 days of interest. Limited time offer subject to end at any time.
Offer: Qualified Military Members receive a 1% rate increase on all CDs, excluding iSave. Eligible members include Active Duty, Veterans, and Retirees. To qualify, military members must establish a full direct deposit in their name into their checking account. Any direct deposits less than $2,000 will not be eligible for the rate increase. Military Status Verification: Verification of military status is required. Acceptable proof includes Military ID, Retirement ID, or DD214 (Certificate of Release or Discharge from Active Duty).
Qualified rate · 5.13% interest rate · Effective Oct 15, 2026
Rate checked
More details - Diversified Members Credit UnionLegacy Certificate of DepositCD · 12 months · $5,000 min
Credit union · 4 branches
5.15%APY$515 over 1 year on $10,000Requirements
Product: For loved ones opening an account after a member passes away. Funds must have been on deposit at DMCU at the time of death. The individual must be a representative, beneficiary or joint owner of the descendant's account and qualify for membership. Allows two withdrawals without penalty; third withdrawal assesses penalty and closes account. Minimum deposit $5,000, maximum deposit $1,000,000.
Offer: Must be representative, beneficiary or joint owner of descendant's account with funds on deposit at DMCU at time of death. Two withdrawals allowed without penalty during term; third withdrawal incurs penalty and closes account.
Balance cap $1,000,000 · Effective Oct 1, 2026
Rate checked
More details - FreeStar Financial Credit UnionCertificates of DepositCD · 6 months · $500 min
Credit union · 8 branches
5.00%APY$247 over 6 months on $10,000with conditionsRequirements
Product: Renew automatically on maturity date for the same or like term at current rate. 10-day grace period to withdraw or make changes before early withdrawal penalty applies. Early withdrawal penalty: Less than 1 year or 1 Year: 90 days of interest; 2 Years: 180 days of interest; 3-5 Years: 270 days of interest; 5+ Years: 360 days of interest.
Offer: Qualified Military Members (Active Duty, Veterans, Retirees) with military status verification (Military ID, Retirement ID, or DD214) and full direct deposit of at least $2,000 into checking account.
Qualified rate · 4.89% interest rate · Effective Oct 15, 2026
Rate checked
More details - Dort Financial Credit UnionRelationship CertificateCD · 11 months · $5,000 min
Credit union · 3 branches
5.00%APY$457 over 11 months on $10,000with conditionsRequirements
Product: Certificate term is 11 months and will automatically renew to a 12-month certificate at the rate in effect at the time of renewal. $5,000 minimum balance is required with no maximum. 0.25% APY bonus when you meet the Boost Checking Account qualifications within 90 days of certificate opening. Boost Checking Qualifications include direct deposits totaling $900 or more, electronic statements, and 25 or more qualifying debit/credit card purchases. 0.25% APY bonus with existing or new Dort Financial CU Visa credit card within 90 days. Maximum APY of 5.00%. APY bonuses are retroactive. Consumer certificates only. Early withdrawal penalty applies.
Offer: Maximum APY of 5.00% including relationship bonuses: 0.25% APY bonus when meeting Boost Checking Account qualifications within 90 days of certificate opening; 0.25% APY bonus with existing Dort Financial CU Visa credit card or when opening a new Dort Financial CU Visa credit card within 90 days. APY bonuses are retroactive to first day of dividend posting period. Certificate term is 11 months and renews to 12-month certificate. $5,000 minimum balance. Early withdrawal penalty applies.
Qualified rate
Rate checked
More details - 4.70%APY$591 over 15 months on $10,000intro rate
Requirements
Product: Promotional limited-time offer. Minimum deposit of $50 required. Fees may reduce earnings. Penalty may be imposed for early withdrawal. Dividends compounded and credited monthly. Additional deposits are permitted during the CD term. One rate bump permitted during the CD term.
Offer: Promotional special. Minimum deposit $50. Dividends compounded and credited monthly. Additional deposits permitted during term. One rate bump permitted during term. Penalty for early withdrawal may be imposed.
Promotional rate · Effective Oct 1, 2026
Rate checked
More details - 4.61%APY$422 over 11 months on $10,000with conditions
Requirements
Product: Dividends compounded and paid monthly. Early withdrawal penalties may apply. Requires membership in Advia Credit Union.
Offer: 11-Month Promo CD with Advantage Plus Rewards qualifications met at opening. Reverts to non-promotional 12-month term upon maturity.
Qualified rate · Effective Aug 1, 2026
Rate checked
More details - Dort Financial Credit UnionCertificate of Deposit (7-Month Limited-Time Offer)CD · 7 months · $5,000 min
Credit union · 3 branches
4.60%APY$266 over 7 months on $10,000intro rateRequirements
Product: Certificate term is 7 months and will automatically renew to a 6-month certificate at the posted rate at the time of renewal. $5,000 minimum balance required with no maximum. For new money to Dort Financial Credit Union only. APY assumes dividends remain on deposit until maturity; early withdrawal penalty applies. Limited time offer.
Offer: Limited-time promotional certificate. Automatically renews to a 6-month certificate at posted rate upon maturity. Requires new money to Dort Financial Credit Union. Early withdrawal penalty applies.
Promotional rate
Rate checked
More details - 4.55%APY$339 over 9 months on $10,000
Requirements
Product: Early withdrawals and applicable fees may reduce earnings. Loss of 90 days' interest for terms 12 months or less, 180 days' interest for terms greater than 12 months. Membership and eligibility requirements apply.
4.47% interest rate
Rate checked
More details - Michigan Schools & Government Credit UnionCertificate of DepositCD · 15 months · $500 min
Credit union · 22 branches
4.55%APY$572 over 15 months on $10,000intro rateRequirements
Product: $500 Minimum Average Daily Balance Required. Certificate of Deposits will automatically renew at maturity. You have a grace period of ten (10) calendar days after the maturity date to withdraw the funds in the account without being charged an early withdrawal penalty. Promotional Certificates will automatically renew at maturity to a standard term Certificate offered at the time of maturity. Bump rate option available on longer-term CDs.
Offer: The 15-month promotional CD is offered as of 7/1/2026 and is available for new money only. New money means funds that are not currently on deposit at MSGCU. This offer cannot be combined with current MSGCU deposit dollars, including rollovers from maturing MSGCU CDs. Funds are considered new money if received through cash, check, or wire transfer and CD is opened within five calendar days. Funds from an IRA direct transfer or rollover from another institution are also considered new money if deposited into the IRA share and CD opened within five calendar days. Funds withdrawn from MSGCU may not be returned and considered New Money within 90 calendar days of withdraw. Businesses, municipalities, and MSGCU team members are not eligible. Available in branches or when opening a new membership online. At maturity, renewed to a 1-year term CD.
Promotional rate · 4.48% interest rate
Rate checked
More details - Christian Financial Credit UnionCertificates of DepositCD · 12 months · $500 min
Credit union · 12 branches
4.50%APY$450 over 1 year on $10,000Requirements
Product: Dividends are compounded and credited quarterly for 6 month CDs and monthly for all other CDs. Early withdrawal penalties may apply. Fees may reduce earnings. 7-calendar-day grace period after maturity.
Offer: 12-Month Certificate; Minimum Balance $500.
4.41% interest rate · Effective Oct 16, 2026
Rate checked
More details - 4.50%APY$450 over 1 year on $10,000with conditions
Requirements
Product: Must be 18 years or older and a legal resident of Michigan. All deposits must be made while in Michigan. No minimum deposit required after account opening. Maximum entries allowed per month is 10. One CD per member among any credit union that participates in Save to Win program. Monthly and quarterly cash prizes. Special certificates automatically renew on maturity date with a 10-day grace period before early withdrawal penalties apply.
Offer: Qualified Military Members receive a 1% rate increase on all CDs, excluding iSave. Eligible members include Active Duty, Veterans, and Retirees. To qualify, military members must establish a full direct deposit in their name into their checking account. Any direct deposits less than $2,000 will not be eligible for the rate increase. Military Status Verification: Verification of military status is required. Acceptable proof includes Military ID, Retirement ID, or DD214 (Certificate of Release or Discharge from Active Duty).
Qualified rate · 4.41% interest rate · Effective Oct 15, 2026
Rate checked
More details - orsa credit unionNew Money 17-Month Share CertificateCD · 17 months · $10,000 min
Credit union · 9 branches
4.50%APY$643 over 17 months on $10,000intro rateRequirements
Product: Offer applies to new money only — funds not on deposit at orsa within the 30 days prior to account opening. Available at orsa branches and through Care Center. Early withdrawal penalty of 180 days' dividends may be imposed. Wire transfer fees up to $50 waived.
Offer: New money only (funds not on deposit at orsa within the 30 days prior to account opening). Early withdrawal penalty of 180 days' dividends. Wire transfer fees up to $50 waived.
Promotional rate · 4.43% interest rate · Effective Sep 16, 2026
Rate checked
More details - 4.50%APY$960 over 25 months on $10,000intro rate
Requirements
Product: Certificate specials are for a limited time. Non-renewable (7 month renews into 6 month, 13 month renews into 12 month, 19 month renews into 18 month, 25 month renews into 24 month). Penalty for early withdrawal.
Offer: Specials are non-renewable; 25 month term will renew into an 24 month term certificate.
Promotional rate · 4.43% interest rate · Effective Oct 9, 2026
Rate checked
More details - Chief Financial Credit UnionSpecial Share CertificatesCD · 24 months · $500 min
Credit union · 4 branches
4.45%APY$910 over 24 months on $10,000intro rateRequirements
Product: Federally insured by NCUA up to $250,000. Early withdrawal penalty may apply. Dividends paid monthly. Only new funds eligible for promotional rate.
Offer: Early withdrawal penalty may apply. Only new funds eligible for promotional rate.
Promotional rate · 4.36% interest rate · Effective Oct 1, 2026
Rate checked
More details - Cornerstone Community Financial Credit UnionCertificate of DepositCD · 7 months · $1,000 min
Credit union · 7 branches
4.40%APY$254 over 7 months on $10,000intro rateRequirements
Product: Must maintain an average daily balance of $1,000 to earn the APY. A penalty may be imposed for early withdrawals.
Offer: NEW MONEY Special Offer. Funds must be new money not already on deposit at CCFCU. Maximum CD amount is $500,000. Product may be modified or discontinued at any time.
Promotional rate · 4.40% interest rate · Balance cap $500,000 · Effective Nov 1, 2025
Rate checked
More details
Carrot Score rates each institution on all its CD, savings, auto loan and credit card rates, not just the account shown. How we rank
What CDs pay in Detroit, MI metro
756 CDs at 73 banks and credit unions · checked Oct 16–22
- Typical
- 3.20%
- Top 10% from
- 4.10%
- Banks, typical
- 0.50%
- Credit unions, typical
- 3.35%
Is your bank paying you enough?
Find your bank or credit union to see all its rates and how they compare near you.
Detroit, MI metro
Top Carrot institutions
Ranked across their CDs, savings, auto loans and credit cards. How scores work
- Chief Financial Credit UnionCredit union · 4 branches
- Extra Credit UnionCredit union · 2 branches
- Christian Financial Credit UnionCredit union · 12 branches